Midera Food Processing (NASDAQ:MFP) Director Purchases 10,900 Shares of Stock

Midera Food Processing (NASDAQ:MFP) Director Robert Nerbonne bought 10,900 shares of the company’s stock in a transaction on Monday, August 17th. The shares were acquired at an average price of $45.05 per share, with a total value of $491,045.00. Following the transaction, the director directly owned 32,371 shares of the company’s stock, valued at approximately $1,458,313.55. This trade represents a 50.77% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Midera Food Processing Stock Performance

Shares of MFP traded up $2.80 during mid-day trading on Wednesday, reaching $45.71. 1,097,493 shares of the company’s stock traded hands, compared to its average volume of 1,125,161. The company has a quick ratio of 1.15, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. Midera Food Processing has a 12 month low of $33.00 and a 12 month high of $49.86.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MFP. Wall Street Zen upgraded Midera Food Processing to a “hold” rating in a research note on Saturday, August 1st. Robert W. Baird began coverage on shares of Midera Food Processing in a research note on Wednesday, July 8th. They set a “neutral” rating and a $40.00 target price for the company. Zacks Research upgraded shares of Midera Food Processing to a “hold” rating in a report on Thursday, July 16th. Finally, Oppenheimer initiated coverage on shares of Midera Food Processing in a research note on Wednesday, July 15th. They issued an “outperform” rating and a $50.00 price target on the stock. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $45.00.

Midera Food Processing Company Profile

Midera Food Processing Inc provides food processing solutions. The Company specializes in the processing of raw material preparation and production and product packaging for retail and food service applications. Midera Food Processing Inc, formerly known as MINERA FOOD PRC, is based in Rosemont, Illinois.